Five Things to Understand About Title Insurance

Shannon Register, Broker/Owner — Tue, 23 Mar 2010 16:20:36 +0000

1. It protects your ownership right to your home both from fraudulent claims against your ownership and from mistakes made in earlier sales, such as mistake in the spelling of a person’s name or an inaccurate description of the property.

2. It’s a one-time cost usually based on the price of the property.

3. It’s usually paid for by the sellers.

4. There are both lender titles policies, which protect the lender, and owner title policies, which protect you. The lender will probably require a lender policy.

5. Discounts on premiums are sometimes available if the home has been bought within only a few years since not as much work is required to check the title. Ask the title company if this discount is available.

"Five Things to Understand About Title Insurance" was originally posted as a blog post at RREA.com on March 23, 2010.

Why do I need title insurance and what is it?

Shannon Register, Broker/Owner — Fri, 30 Oct 2009 06:26:59 +0000

First American Title Insurance Company has a great answer to those questions!

A title insurance policy is an insured statement of the condition of title, or ownership of real property. Prior to the issuance of a policy, a title report or commitment is prepared after a search of records, maps and documents affecting the parcel in question. For a one-time premium, the policy protects the named insured against title defects, liens and encumbrances existing as of the date of the policy and not specially excepted from coverage. First American Title Insurance Compnay stands behind it’s product. Make sure you choose a good title insurance before you close on your next property.

"Why do I need title insurance and what is it?" was originally posted as a blog post at RREA.com on October 30, 2009.

Register Real Estate Advisors » title insurance

Five Things to Understand About Title Insurance

Why do I need title insurance and what is it?